Boston firm agrees to buy Canadian company

Q9 Networks Inc. said today it has agreed to be purchased by an affiliate of ABRY Partners LLC, a Boston private equity, in a deal that values Q9 at $361 million in Canadian dollars.

Q9 of Toronto is a Canadian provider of outsourced data-center infrastructure.

Under the proposed agreement, Q9 shareholders will receive $17.05 in Canadian dollars per common share in cash, representing a premium of 38 percent to the firm's 30 trading-day volume weighted average closing price on the Toronto Stock Exchange.

Q9's press release included a statement from C.J. Brucato, a partner at ABRY.

"We are strong believers in the Canadian data-center infrastructure market and are excited to be participating in it through our acquisition of Q9," Brucato said in the statement.
(By Chris Reidy, Globe staff)